The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
"The trend in development certainly led to a restructuring of that group specifically, but I wouldn't say that that was the only reason for this." While the condo market is in a rough patch, the company's core business of retail leasing is showing strong demand with RioCan reporting a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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